What is United Renewable Energy Co Net Current Asset Value?
In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
United Renewable Energy Co's net current asset value per share for the quarter that ended in Sep. 2024 was NT$-4.09.
The historical rank and industry rank for United Renewable Energy Co's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of United Renewable Energy Co was 21.39. The lowest was 5.61. And the median was 9.19.
TPE:3576's Price-to-Net-Current-Asset-Value is not ranked *
in the Semiconductors industry.
Industry Median: 5.51 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
United Renewable Energy Co Net Current Asset Value Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
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United Renewable Energy Co Net Current Asset Value Chart
Competitive Comparison of United Renewable Energy Co's Net Current Asset Value
For the Solar subindustry, United Renewable Energy Co's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
United Renewable Energy Co's Price-to-Net-Current-Asset-Value Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, United Renewable Energy Co's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where United Renewable Energy Co's Price-to-Net-Current-Asset-Value falls into.
United Renewable Energy Co Net Current Asset Value Calculation
United Renewable Energy Co's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
United Renewable Energy Co (TPE:3576) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
United Renewable Energy Co Net Current Asset Value Related Terms
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United Renewable Energy Co Ltd manufactures solar cells and modules. The company's solar cell offerings provide specified reverse current, shunt resistance, minimum power loss rate, low breakage rates, and several other benefits. Its modules are built to meet various international certifications, in addition to many different conditions. Bifacial solar cell products are built to take advantage of both vertical and horizontal installations and can be utilized in adverse environments. The company produces other lines of solar cell products that can take advantage of more residential or commercial applications and deliver customized solutions.
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